Outcome of Postal Ballot ended on 28th May, 2026 is attached.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cravatex Limited conducted a postal ballot for shareholders to vote on the re-appointment of Mr. Divakar G. Kamath as Executive Director and Chief Financial Officer (CFO) for a period of 3 years from April 1, 2026 to March 31, 2029. The appointment includes remuneration up to Rs. 42.70 lakhs per annum. E-voting remained open from April 29, 2026 to May 28, 2026. Out of 53 valid votes representing 20,70,295 shares, the resolution received overwhelming approval with 97.92% assent (20,27,212 shares) and only 2.08% dissent (43,083 shares). The special resolution has been passed with the required majority.
The re-appointment of the Executive Director and CFO ensures continuity in company leadership. The strong shareholder approval (97.92%) indicates confidence in the current management. The approved remuneration of Rs. 42.70 lakhs per annum is a fixed cost for the company over the 3-year tenure.